Joined March 2023
Are We in a Real Recession?
With the recent economic downturn, it's natural to ask the question: are we in a real recession? To answer this, we must first understand what a recession is and how it differs from a financial crisis. A recession is typically defined as two consecutive quarters of declining economic activity, while a financial crisis is more of an extended period of economic instability that can cause a recession. In this blog post, we will analyze the current economic climate and decide if we are truly in a recession or if the current economic downturn is merely a financial crisis.